MEMES MEET MARKETS: Clutch Markets Founder 0xSimpleFarmer Opens Up Tokenized Stocks As Base Pairs On The StonkLauncher!

The trenches are about to conduct a hostile takeover of Wall Street!

A new short squeeze meta has made its way onchain as deployers pair memecoins against tokenized stocks on Robinhood Chain and now Clutch Markets’ StonkBrokers are getting in on the action!

On Monday, after a token dubbed $BONER launched paired against tokenized shares of men’s health company Hims, Clutch Markets Founder 0xSimpleFarmer announced that these kinds of memecoin “Stonks” can now be launched against real world stock tokens through Clutch Markets’ StonkLauncher.

 

However, it’s not a complete free for all.

To protect traders from thin liquidity and extreme slippage, SimpleFarmer said stock tokens will only become available as base pairs on StonkLauncher once enough liquidity for that asset has been provided and locked onchain.

“Many of these tokens do not currently have the on-chain liquidity depth to support launches executed with them as their base pair, he tweeted. “That opens the door for users to be destroyed by slippage and rugged by malicious actors who add thin liquidity to each pair. That is why these new pairs will only be illuminated on the launchpad when someone LPs and locks an ample amount of that respective stock token in the Safety Deposit Box liquidity lockers. After any of the 196 stock tokens, including the 5 smallest micro caps on Robinhood Chain ($ELF, $PENG , $RCAT ,  $GLXY, and Webull), have sufficient LP locked, they will automatically illuminate as potential base pairs for new launches. This represents an excellent opportunity for someone to safely monetize via swap fees by LPing and engaging in decentralized market making for these assets.”

 

 

Along with introducing these liquidity requirements, SimpleFarmer personally added tokenized shares of Webull and $GLD to liquidity pools, meaning anyone can launch a token paired against those assets right now.

“As more gain LP on Robinhood Chain more pairs are unlocked for launches,” he said.“You can also now automatically airdrop a % of supply to Stonkbrokers, BAYC, Pudgies or Crypto Punks with any token deployed from our launcher Trenches in control.”

 

Tonight, you can check out these new kinds of memecoins and the growing list of available stock token pairs on Clutch Markets’ StonkLauncher here: https://stonkbrokers.wtf

 

The Gazette will continue to follow this new stock token meta and everything happening across the StonkBrokers ecosystem. Stay tuned for updates!